Mity Enterprises 4Q Profit Falls

OREM, UT –Institutional furniture manufacturer, Mity Enterprises Inc. announced fourth-quarter net income fell 44%, according to the Houston Chronicle. The company said it was affected by weak gross margins and higher expenses. Profit for the quarter, which ended March 31, fell to $770,000, while revenue rose 6% to $14.6 million, compared to the prior year quarter. Read more.

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